These excellent midrange roof prism binoculars are being replaced by a new aspherical lens model the Regal LX. The Celestron Regal LS 8x42mm can be had in closeout for $275 with a lifetime and no-fault warranty. This is a good opportunity for someone to get into some pretty good glass for less than $300.
http://www.betterviewdesired.com/Celestron/regal.html
http://www.adorama.com/CN842RL.html